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Technology Stocks : S3 (Multimedia semi's place 2be)
SIII 0.00010000.0%May 12 5:00 PM EST

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To: Bob Huff who wrote (7025)1/20/1997 4:59:00 PM
From: Chiu Chi   of 9477
 
NEXT TIME Bob, use the touchtone phone OR direct connection.
Better yet, CHANGE THE BROKER!!! switch to Ebroker $12 (5000 or less).
I have been using etrade for a year, and lost lots of money because
of its slow confirmation or WROST price execution.

FOR TODAY: Etrade Quote
while SIII trade at 18 3/4

Etrade show:
Price: 18 3/4
bid 17 3/4 ask 17 7/8 <-----???
What is this??? Hoilday discount? $1 off the orignal price?

One time I placed a limit buy at $18 on IOMG before market open.
Somehow, IOMG open at 17 3/4 bid 17 7/8 ask, Etrade did NOT get me
the best deal, instead it waited an hour and executed at 18. then send
me the message at 1:00pm which is 3 hours later.
just one of many examples...

NEVER USE MARKET ORDER with Etrade.
Market order sometimes take about 30 mins to execute.
One time, I tried to cut loss on CAWS:
10:00am REAL TIME DTN at $4 7/8 bid $5 ask
10:00am order placed 5000 market sell.
10:01 - 10:31 price unchanged $5
10:32 drop to 4 3/4
10:36am executed at 4 3/8

Three days ago, I placed market order on CHPS
open at 17 1/8
up to 17 1/4 right after first 10000 shares then start the drop
I tried to confirm my order but my OPEN ORDER still show open order
market buy 4000 CHPS.
tried to cancel order: Error.
Try to sell 4000 CHPS market (cut loss) ERROR: security not in account
I checked my protfolio, it did not show CHPS.
I knew somethings wrong AGAIN.. call etrade 1 800 stocks 5
ONHOLD for 20 mins to confirm 4000 executed at 17 1/8.
Then at 1:??pm message came said:
CHPS 4000 execute at 17 1/8

What kind of broker is this???
using Etrade to trade NASDAQ is a stupid thing to do.
So who is making MONEY if the confirmation comes in 2 or 3 hours
late?
YOU WOULD UNDERSTAND WHAT IS GOING ON IF YOU KNOW NASDAQ.


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